Business Pitch (for Bank Executives)
Nigerians in diaspora remit over $20B annually. This rollout converts remittance intent into structured, compliant investment collections using nominated banks as trusted payment collection partners for sector portfolios.
Bank OpportunityAcquire diaspora inflows via regulated investment collections + settlement products.
Core ProductsCollection accounts, escrow structures, FX/settlement rails, investor statements.
ImpactMSMEs growth + job creation through SYOT and 9ja Travelhub platform globalization.
Bank Value Proposition
- 💼Fee-based RevenueCollections, FX settlement, escrow management, reporting and account maintenance.
- 🔒Trust & GovernanceBank-led controls improve investor confidence and reduce fraud risk.
- 📈Customer AcquisitionDiaspora onboarding + SME growth pipeline across tourism, entertainment and logistics.
- 🤝Institutional PartnershipsCo-promote with public/private stakeholders, states and agencies.
Revenue Model (Indicative)
| Bank Service | How It Works | Typical Revenue Line | Notes |
|---|---|---|---|
| Collections | Dedicated collection accounts per portfolio/project. | Transfer fees / payment processing fees | NGN + diaspora rails where permitted. |
| Escrow / Custody | Hold funds until milestones, approvals, or compliance checks. | Escrow/custody fees | Boosts investor confidence and governance. |
| FX & Settlement | Convert and settle diaspora inflows under approved channels. | FX margin / settlement fees | Aligned to applicable regulations. |
| Investor Statements | Periodic reports, reconciliation, and investor dashboards. | Reporting fees / account servicing | Supports audit and transparency. |
| Merchant/Portal Support | Integration support for portals and payment gateways. | Integration/maintenance fees | Optional technical partnership. |
Note: Final pricing and structure will be agreed per bank policy and compliance requirements.
Compliance & Risk Controls (Bank-led)
- 🪪KYC/Investor OnboardingIdentity verification, source-of-funds checks, and onboarding documentation.
- 🧯AML MonitoringTransaction monitoring and suspicious activity handling per bank procedures.
- 🧾Audit TrailReconciliation logs, statements, approvals and settlement records.
- ⚖️Regulatory AlignmentCollections/settlement operated within permitted banking channels and partner terms.
Nominated Banks (Draft List)
Replace placeholders with confirmed bank names and collection instructions.
- 🏦FCMB (Example)Nigeria • NGN collections, reconciliation, investor statements
- 🌍Nominated Bank (UK/EU)GBP/EUR diaspora collections and settlement
- 🇺🇸Nominated Bank (USA/Canada)USD/CAD diaspora collections and reporting
- 🇦🇪Nominated Bank (UAE)AED diaspora collections and remittance-investment rails
Nominate / Confirm a Bank
Submit bank nomination details. This can be used for internal review and follow-up with relationship managers.